Latest news with #TakafulInternationalCompany
Daily Tribune
a day ago
- Business
- Daily Tribune
Charity Takaful Project
The Royal Humanitarian Foundation (RHF), in collaboration with Takaful International Company, has launched the Charity Takaful Project, through which Takaful donates a fixed amount for every insurance policy it issues. The proceeds will support RHF sponsored families in healthcare, education, and social welfare. The agreement was signed by Shaikh Ali bin Khalifa Al Khalifa, RHF Secretary General, and Esam Al Ansari, CEO of Takaful International. Shaikh Ali bin Khalifa noted that the initiative involves cooperation with insurance companies in Bahrain, which commit to donating a specified amount for every policy issued. The Secretary General said that the funds are directed toward the RHF's family support programmes, reinforcing community partnership and encouraging broader societal involvement in humanitarian work.
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
RHF and Takaful International launch Charity Takaful Project
The Royal Humanitarian Foundation (RHF), in collaboration with Takaful International Company, has launched the Charity Takaful Project, through which Takaful donates a fixed amount for every insurance policy it issues. The proceeds will support RHF sponsored families in healthcare, education, and social welfare. The agreement was signed by Shaikh Ali bin Khalifa Al Khalifa, RHF Secretary General, and Esam Al Ansari, CEO of Takaful International. Shaikh Ali bin Khalifa noted that the initiative involves cooperation with insurance companies in Bahrain, which commit to donating a specified amount for every policy issued. The Secretary General said that the funds are directed toward the RHF's family support programmes, reinforcing community partnership and encouraging broader societal involvement in humanitarian work. On his part, Al Ansari expressed pride in the partnership, noting that the initiative reflects the company's commitment to corporate social responsibility and to promoting values of solidarity. BNA(R)
Daily Tribune
13-05-2025
- Business
- Daily Tribune
Takaful International reports profit
The Board of Directors of Takaful International Company approved the financial results for the period ended March 31, 2025. The net profit of the shareholders before tax was BD 481K for the three months ending on March 31, 2025, a 22% increase from the net profit of BD 393K for the same period in the previous year. The net profit of the shareholders after tax was BD 422K for the three months ending on March 31, 2025, compared with a net profit of BD 393K for the same period in the previous year. Comparatively, earnings per share for the three months ending on March 31, 2025 increased to 4.96 Fils from 4.62 Fils for the same period in the previous year. The Company reported a total net profit before tax of BD 639K during the first quarter of the year 2025 compared to BD 546K for the same period in the previous year, an increase of 17%.
Daily Tribune
24-04-2025
- Business
- Daily Tribune
Zain Bahrain Q1 profit rises 9.6%
Zain Bahrain, a leading telecommunications provider in the Kingdom, yesterday announced its financial results for the first quarter (Q1 2025). The company reported a total profit attributable to the shareholders of BD 1.17 million for the three months ended 31 March 2025, representing a 9.6% increase compared to BD 1.07 m for the same period in the previous year. Basic and Diluted earnings per share remained stable at 3 fils, compared to Q1 '24. Revenue increased to BD 21.01 m, representing a growth of 7.7% compared to BD 19.51 m for the same period in 2024. EBITDA reached BD 5.38 m, down by 5.6% from BD 5.70 m in Q1 '24. At the balance sheet level, Zain Bahrain's total equity as of 31 March 2025 accumulated to BD 85.92 m, down by 2.50% from BD 88.12 m at the end of 2024. The Company's asset base stood at BD 138.22 m, a reduction of 2.60% from BD 141.91 m as of 31 December 2024. Commenting on the results, Shaikh Ahmed bin Ali Al Khalifa, Zain Bahrain Chairman, said, "I am pleased to share Zain Bahrain's latest milestones and developments for the first quarter of 2025. These highlight our remarkable progress in expanding our capabilities and enriching customer experiences. Over the past few months, Zain Bahrain has significantly enhanced its 4G and 5G network coverage across the Kingdom, boosting network efficiency and delivering faster connectivity to our customers. This expansion also supports our sustainability goals by reducing energy consumption by up to 50%—a major step forward in our commitment to environmental responsibility. It is also notable to mention, that our innovative microfinance app Bede, has achieved remarkable success and continued to gain a widespread acceptance, emerging as a key player in the Kingdom's fintech sector.' Tripled internet speeds 'In line with our mission to deliver the best possible digital experience, we have also tripled our fiber internet speeds for new and existing customers. Base speeds have increased to 300 Mbps, with offerings reaching up to 2 Gbps. This positions Zain Bahrain as a leader in high-speed internet services, setting a new benchmark for fiber connectivity in the Kingdom and ensuring that all Zain customers can enjoy unprecedented speeds." Zain Bahrain Chairman continued: "We have also forged new strategic partnerships, including Takaful International Company. The partnership aimed to expand our portfolio to offer affordable, comprehensive insurance solutions alongside our telecom services through Zain App. These efforts have not gone unnoticed, as we proudly received the "Best Connected Customer Experience Award" by IST Networks and Genesys at LEAP 2025. In addition, we recently achieved the highly regarded "Corporate Ethical Procurement and Supply" certification from the Chartered Institute of Procurement and Supply (CIPS), which underscores Zain's continuous commitment to maintaining the highest standards of integrity, transparency, and ethical business practices in its procurement and supply chain operations. Another proud achievement this quarter is Zain Bahrain's official certification of ISO 22301:2019 for Business Continuity Management, along with our successful transition to ISO 27001:2022 standard for Information Security Management Systems (ISMS). These internationally recognized certifications underscore Zain's unwavering commitment to business resilience, customer data privacy, and the continuous enhancement of our cybersecurity and continuity practices.' The Chairman concluded: "Looking ahead, 2025 will be a year of achievements and endless possibilities, and we are already off to a good start. Zain Bahrain will continue to push boundaries in innovation to meet its customers' changing needs, expand digital services, revolutionaries' new technologies, and uplift customer experience to remain the leading telecom and technology provider across the Kingdom."
Daily Tribune
14-04-2025
- Automotive
- Daily Tribune
Bahrain Kuwait Insurance Co., Takaful International Co. host Insurance brokers and intermediaries
Bahrain Kuwait Insurance Company (GIG Bahrain) and Takaful International Company (GIG Bahrain Takaful) hosted insurance brokers and intermediaries at their corporate lounges during the Formula 1 Gulf Air Bahrain Grand Prix 2025 at the Bahrain International Circuit (BIC). The exclusive lounge experience brought together partners and senior executives for a weekend of excitement and premium hospitality, as both companies proudly hosted their guests for the third year in a row. The vibrant atmosphere of the Formula 1 weekend provided the perfect setting to network, celebrate achievements, and exchange ideas. Dr. Abdulla Sultan, Chief Executive Officer of Bahrain Kuwait Insurance Co., highlighted the significance of the gathering, stating 'This gathering reflects our commitment to strengthening relationships with our valued partners in the brokerage community. The Formula 1 event serves as an ideal platform to celebrate our shared success and future ambitions.' Mr. Essam Al Ansari, Chief Executive Officer of Takaful International Co. , added: 'We are honored to host our insurance brokers and agents at one of the region's most prestigious sporting events. This engagement underscores our ongoing dedication to fostering collaboration and deepening the trust we share with our key partners. Our brokers and agents are not just intermediaries; they are essential contributors to our business strategy and long-term success.' The guests also expressed their great appreciation for this unique opportunity, only offered by the companies which is something not unusual for such a regional powerhouse.
